Data released by Santiment shows that wallet addresses holding between 100,000 and 10 million LINK increased by 6% in the past month. Compared to September 18th, the number of addresses within this range increased by 6%. The trading price of Chainlink is hovering around $7.31 and has seen a greater increase in the past 12 hours compared to most other altcoins.

K33 Research on Wednesday, the tokenization of real-world assets (RWA) is emerging in the cryptocurrency field, and for investors seeking profits from speculation, Chainlink's native token (LINK) may be the "safest choice." Analysts recommend that investors wait for lower prices to buy and point out that the long-term support level around $5.70 can be a good buying opportunity. Data shows that LINK recently traded at $7.30, far below its historical high of $53, but has risen 32% this year.

Chainlink (LINK) traders have seen a surge in on-chain activity since September 18, 2023, coinciding with a significant price increase. The price surge began when reports of a major bank partnering with Chainlink for testing cross-chain interoperability of an Australian dollar stablecoin were released.

According to analytics firm Santiment, Chainlink and three other altcoins may experience further price surges due to bullish on-chain data readings. Santiment notes that Chainlink's decentralized oracle network has seen a rally due to increased unique address activity, with the highest level in two months recorded at 3,964 addresses. The firm also suggests that if market participants remain indifferent to Chainlink's performance, it may witness more rallies. Additionally, Santiment is keeping a close eye on Loom Network, Frontier, and ImmutableX, which have all outperformed the broader crypto markets due to increased adoption.

Crypto strategist Michaël van de Poppe has shared his predictions for XRP, Chainlink (LINK), and Worldcoin (WLD). Van de Poppe is waiting for XRP to show signs of strength and is looking for a breakout above $0.54, which could lead to a rally above $0.70. He believes that LINK is likely to continue its bullish trend and could soar as high as $8.59, with potential entry points at $6.15-6.40. As for WLD, Van de Poppe sees opportunities for short-lived rallies and suggests entry points at $1.35 or $1.11.

Chainlink (LINK), an Oracle service provider, has seen a 5.36% increase in the last 24 hours and is currently trading at $6.56 with a market cap of $3.6 billion. Over the past week, there has been a significant increase in on-chain activity for Chainlink. Four Chainlink wallets have transferred a total of 18.75 million LINK tokens, worth $119 million, across different platforms, with 15.7 million LINK tokens being moved to Binance.

According to The Data Nerd, Chainlink has transferred 10 million LINK tokens worth $62.4 million to Binance.

Chainlink (LINK) has been making significant gains as on-chain data shows that shark and whale addresses have accumulated $10 million worth of LINK in just three days. The shark tier of Chainlink holders, possessing 10,000 to 100,000 $LINK tokens each, has been actively accumulating, with the highest count since December 2022.

According to official sources, Balancer has integrated Chainlink price feed functionality on the Arbitrum mainnet, which will provide reliable price data for wstETH, rETH, and cbETH. The initial integration will support price sources for wstETH/ETH, rETH/ETH, and cbETH/ETH trading pairs, with more pairs to be supported in the future.

Web3 entertainment content platform CeluvPlay has integrated with Chainlink to obtain Chainlink's oracle services and technical support. CeluvPlay will provide 3% of its total local token supply to Chainlink service providers, including stakeholders. CeluvPlay aims to create a blockchain ecosystem using NFTs, user rewards, and decentralized governance.